News & Recent Developments

Age UK launches Equity Release Advice Service

Many homeowners do not make the most of their most substantial asset, their home, during retirement. Equity release plans allow homeowners to drawdown on the value of their home in the form of tax free cash. According to Age UK, 66% of people aged 60 years plus own their home, but 34% of people aged 60 years plus rely on the state pension as their main source of income in retirement.

Age UK has joined with Just Retirement Solutions to offer a new equity release service which allows regular drawdowns against your home as little as £5000 a time.

The service is being provided through Age UK Enterprises, the commercial arm of the charity Age UK.

According to Age UK, 7% of people aged 60 years plus have considered ways of generating additional income in retirement such as taking on work such as gardening. It is these people who require additional income in retirement that equity release products are believed to suit best. Although specific financial advice should be taken by anyone considering taking out an equty release plan, as there are a range of different plans available, each with its own advantages and drawbacks.

Anyone who wishes to speak to a financial advisor to discuss equity release can complete the quick enquiry form opposite, and we will arrange for a qualified equity release professional to ring you back to discuss your needs.